Imported technology, in context from the statement, identifies machines which are not indigenous towards the Caribbean. These types of machines let little or no manual effort used in order to finish tasks. The moot suggests that, these systems have advanced Caribbean financial systems only a little bit.

Place an order for research paper!

Database of essay examples, templates and tips for writing For only $9.90/page

Imported technology has not partially improved Caribbean economies. It includes immensely increased economies of the Caribbean. A large number of Caribbean island destinations depend on tourism as a market, and technology plays and integral function in improving this market.

Technology can be described as massive promoting media. Promoting of the island destinations is done through television and radio commercials, the Internet through web pages as well as brochures, which are printed simply by machines. Technology has without a doubt fostered the enhancement with the tourist industry. Technology through tourism offers aided in generating revenue for the islands.

Technology has made the Caribbean famous. Financial economical institutions also have taken good thing about imported technologies to meet the needs with their customers. Folks no longer need to wait in lengthy queues to become served by unfriendly individual tellers to withdraw or deposit payments. Technology has turned it likely to have Automated Teller Devices (ATM’s), mobile phone banking, offshore banking and credit and debit cards – the use of digital cash. From this new age of business, technology is what makes an improvement.

The use of technology in advertising promotes economic development through the consumption of goods and services. The systems employed to boost this development are web commerce, the getting of goods and or services with the use of digital cash, and web pages. Allows not forget the greater ancient, yet somehow still technical ways of advertising and marketing, the television and radio. Moreover many businesses have realized the efficiency of technology and thus have taken steps to handle their businesses by using accounting and workplace systems that are technologically driven. Technology has created jobs.

Every man made things are not long term and they breakdown and endeavors are made to deal with them. This produces jobs intended for television; a radio station and appliances for the home repair males. Technology has also created jobs for advertising experts in tv set and radio. One should not forget the i . t sector, which is now developing quickly.

This sector has produced many jobs such as info entry man or women, systems experts, programmers, pc technicians, and suppliers of hardware and software. Jobs are created and these individuals are now able to provide for their particular basic needs of lifestyle. It is quite evidential that technology has played out an essential role in the improvement of Carribbean economies.

The role technology has played out is definitely familiar, vast, huge and not little.

< Prev post Next post >

Economic Development Models Essay

Several economic expansion models have been the product of theorizing via various monetary and personal contexts. With regards to underdevelopment, the dependency style was chosen for dialogue in this newspaper ...

Economic Development Programs Essay

Within just my community, there are several creation programs that have been established for the purposes of making the city more straight participative in economic development. Such programs include gardening ...

The development of African countries through export-led growth and export performance Essay

Export-led growth can be economic progress based on raising exports and export income, a key aspect in Aggregate Demand. This would mean GDP increases, resulting in larger incomes and growth ...

The attempt by the government Essay

A Slum identifies informal pay outs within urban areas or towns. The casual settlements illustrate inadequate real estate and unpleasant condition with reference to living standards (Meade p 43). In ...

The Trend of Logistics Development in China Essay

With China’s coming into WTO plus the coming from the economic globalization, modern strategies has entered into a much increased stage. In 2003, the strategies in Chinese suppliers occupied RMB ...

Starbucks Going Global Fast Essay

Ans. I think the controllable elements that Starbucks has experienced entering the global market are similar to those within their domestic marketplace. These factors include item, price, place and promotion. ...

Major Challenges Before Indian Economy Essay

This report has recently been an honest and dedicated try to make the analysis on advertising material as authentic as it could. And i also earnestly desire that it supplies useful ...

Causes of Unemployment Essay

There are plenty of quotes regarding unemployment according to Calvin Coolidge lack of employment occurs ‘’When large numbers of males are unable to get work unemployment results”. In accordance to ...

Why is the demand of labor a derived demand? Essay

DQ 1: How come the demand of labor a derived require? Explain the shape of the way to obtain labor contour. What is the relationship between productivity and the wages ...

The London School of Economics Essay

I have come into a point in lifestyle that many individuals have not. I’ve made a good decision to recommit myself to pursuing my dreams. While there will be those ...

Category: Economics,

Topic: Digital cash, Goods services, Impact, Technology,

Words: 471

Published:

Views: 624

Download now
Latest Essay Samples